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20110701
20110731
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not call it a war with itself, but there is definitely a big divide between the classic dealmakers, the moderate republicans, and the freshman tea party members. they are quite numerous. they want to cut spending and massive weight and balance the budget. house republicans passed a deal only a week ago that included those two things. massive spending and a balanced budget amendment, but the senate, which is a majority democratic, would need to take that up. house speaker boehner took the amendment out. that is not even getting through the house. what they are discussing right now is put it back in at some point. >> a little bit of a yo-yo effect. house speaker boehner has been in charge through this, particularly this week. is charged is to craft legislation the house will accept. so far he looks like a failure, does he not? >> his reputation has taken a big hit this week, no doubt about that. the momentum is shifting from the house, led by the republicans, to the senate, led by the democrats. they are drafting their own legislation, trying to push that through. i have outlined a p
as the big three, and command a 93% share of the market. they look at the books of businesses and countries and judge how able they are to pay back financial observations. in a complex internet -- international economy, this information is vital to investors. when the bretton woods system of monetary management fell apart in the 1970's, the role of ratings agencies became even more important. the u.s. government gave them the task of assuring financial reliability. the european union has also require banks to increase capital in line with risk exposure. that risk is measured by the ratings agencies. >> the influence of ratings agencies lies on the one hand in the way their evaluation system has been incorporated into legislation. on the other hand, many business contracts are tied to the marks of the ratings agencies. that means certain private investors will only invest if there is a certain rating. >> one such example is the insurance giant allianz, which relies on ratings agencies to invest huge amounts of capital. but that system historically failed on a massive scale and when the agenc
additional heavy rain of more than 100 millimeters in the next 24 hours. so flooding is going to be a big concern here, as well as strong winds and high waves along the east coast. in terms of temperatures, it stays hot in southern china. 38 degrees in nanchang today. and shanghai reaches 37 degrees as well. it's very, very hot indeed. now for the americas, looking very unsettled down in the southeastern corner here. watch out for those drenching thunderstorms, picking up all that energy from the gulf of mexico. a couple of severe areas to watch out for across the north as well. for the northeastern corner of the u.s. awell as eastern canada. and then back behind the tail end of this frontal system, this w pressure system forming over montana. so areas nearby for western canada, the plains states as well as the northern plains, i should say. look out for those strong thunderstorms. looking quite showery over down in the southwestern corner as well as western mexico here. temperatures stay very, very hot in the central and the southern portions of the u.s. 40 degrees in oklahoma city. 34 i
their salaries. there are not job opportunities. people are not able to get back to normal life. that is the big challenge for the national transitional council. in west libya, the fighting is going on. there is a gap and a difference between the east and west libya. >> us talk about the facebook generation. how much of a difference is it making in libya? >> it is interesting to me, the rebels. they are the generation of facebook. the people fighting now are those who used to chat on facebook. this helps indication between them. even to get international attention by spreading videos and photos. the proof of that was that gaddafi shut down the internet. in the gaza, they are getting access again. >> what can the international community to to support the rebels? >> the most important thing is that they recognize the national transitional council as the traditional -- legitimate representative of the libyan people. that is the most important thing. they will meet in is a symbol. they will work to support the libyans financially. -- they will meet in istanbul. >> what can germany due to support the
Search Results 0 to 3 of about 4